Arihant Superstructures Ltd
Incorporated in 1994, Arihant Superstructures Ltd is in the business of real estate
development[1]
- Market Cap ₹ 903 Cr.
- Current Price ₹ 209
- High / Low ₹ 426 / 188
- Stock P/E 528
- Book Value ₹ 58.8
- Dividend Yield 0.12 %
- ROCE 4.34 %
- ROE 0.61 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 42.4%
Cons
- Stock is trading at 3.55 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -2.93% over past five years.
- Tax rate seems low
- Company has a low return on equity of 6.72% over last 3 years.
- Company might be capitalizing the interest cost
- Company has high debtors of 154 days.
- Promoter holding has decreased over last 3 years: -3.61%
- Working capital days have increased from 1,573 days to 2,225 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Part of BSE Consumer Discretionary
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 59 | 83 | 129 | 105 | 68 | 59 | 105 | 151 | 75 | 112 | 121 | 91 | 105 | |
| 46 | 58 | 83 | 84 | 56 | 54 | 93 | 106 | 55 | 92 | 98 | 64 | 79 | |
| Operating Profit | 13 | 25 | 46 | 21 | 12 | 5 | 12 | 45 | 19 | 20 | 22 | 27 | 27 |
| OPM % | 22% | 30% | 36% | 20% | 18% | 8% | 12% | 30% | 26% | 18% | 19% | 29% | 25% |
| 6 | 4 | 2 | 2 | 3 | 2 | 2 | 3 | 6 | 6 | 3 | 1 | 2 | |
| Interest | 4 | 4 | 8 | 6 | 12 | 8 | 10 | 2 | 7 | 1 | 5 | 26 | 26 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 14 | 25 | 40 | 16 | 2 | -1 | 4 | 46 | 18 | 24 | 20 | 2 | 2 |
| Tax % | 32% | 32% | 34% | 35% | -4% | -1% | -1% | 13% | -0% | 6% | 2% | 6% | |
| 10 | 17 | 27 | 10 | 2 | -1 | 4 | 40 | 18 | 23 | 19 | 1 | 2 | |
| EPS in Rs | 2.36 | 4.16 | 6.47 | 2.51 | 0.59 | -0.34 | 0.95 | 9.72 | 4.49 | 5.57 | 4.73 | 0.34 | 0.39 |
| Dividend Payout % | 13% | 22% | 15% | 20% | 85% | 0% | 0% | 0% | 11% | 22% | 32% | 74% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -3% |
| 3 Years: | 7% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -22% |
| 5 Years: | -18% |
| 3 Years: | -57% |
| TTM: | -91% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 4% |
| 3 Years: | 7% |
| 1 Year: | -50% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 11% |
| 3 Years: | 7% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 43 |
| Reserves | 33 | 51 | 77 | 79 | 73 | 71 | 77 | 117 | 135 | 167 | 185 | 211 |
| 37 | 62 | 78 | 80 | 83 | 96 | 19 | 7 | 98 | 212 | 322 | 451 | |
| 86 | 100 | 82 | 88 | 61 | 77 | 89 | 94 | 93 | 75 | 149 | 175 | |
| Total Liabilities | 197 | 254 | 278 | 288 | 258 | 285 | 226 | 259 | 367 | 495 | 697 | 880 |
| 2 | 3 | 5 | 4 | 3 | 5 | 5 | 5 | 4 | 4 | 45 | 46 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 20 |
| Investments | 1 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 5 |
| 194 | 246 | 272 | 283 | 255 | 279 | 221 | 254 | 363 | 491 | 644 | 809 | |
| Total Assets | 197 | 254 | 278 | 288 | 258 | 285 | 226 | 259 | 367 | 495 | 697 | 880 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1 | 1 | -6 | 9 | 9 | -5 | 86 | 8 | -88 | -126 | -131 | -48 | |
| 6 | 4 | 2 | 1 | 2 | 0 | 2 | 2 | 6 | 6 | -21 | -18 | |
| -9 | -5 | 4 | -9 | -11 | 5 | -87 | -14 | 84 | 122 | 153 | 62 | |
| Net Cash Flow | -4 | -1 | -0 | 1 | 0 | 1 | 1 | -3 | 2 | 1 | 1 | -4 |
| Free Cash Flow | -1 | 0 | -6 | 8 | 8 | -5 | 86 | 7 | -88 | -127 | -175 | -67 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -2% | 28% | 9% | 111% | 116% | -76% | 703% | 24% | -425% | -614% | -582% | -167% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 23 | 33 | 74 | 154 | 92 | 105 | 48 | 55 | 92 | 62 | 138 | 154 |
| Inventory Days | 1,232 | 7,416 | 10,129 | 6,954 | 2,242 | 1,492 | 5,028 | |||||
| Days Payable | 74 | 789 | 941 | 1,094 | 413 | 449 | 515 | |||||
| Cash Conversion Cycle | 23 | 1,191 | 74 | 6,780 | 9,280 | 5,964 | 1,877 | 1,098 | 92 | 62 | 138 | 4,667 |
| Working Capital Days | 383 | 532 | 433 | 580 | 740 | 940 | 432 | 290 | 1,051 | 1,050 | 1,443 | 2,225 |
| ROCE % | 17% | 22% | 27% | 11% | 7% | 3% | 8% | 32% | 12% | 7% | 5% | 4% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Units Delivered No. |
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| Value of Sales (Pre-sales) INR Mn |
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| Area Sold Lakh sq ft |
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| Units Sold No. |
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| Collections INR Mn |
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| Unsold Ready Inventory No. |
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| Average Realization per sq ft INR per sq ft |
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| Gross Development Value (GDV) INR Cr |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for To Consider And Approve The Unaudited (Standalone And Consolidated) Financial Statements Of The Company For The Quarter And Half Year Ended September 30, 2026.
- Board meeting on 3 Nov 2026 to approve Q2 and half-year FY2026-27 unaudited results.
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Redemption Of 70,00,000 (Seventy Lakh) Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures (Ncds) - Of Rs. 100/- Each Amounting To Rs. 70,00,00,000/- (Rupees Seventy Crores) As Issued To India Real Estate Investment Fund.
- Arihant Superstructures redeemed 70 lakh NCDs worth Rs. 70 crore on October 23, 2026.
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Reconstitution Of Committees Of The Board.
- Board reconstituted committees on 23 Oct 2026, inducting Independent Director Pradeep Mehta.
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Announcement under Regulation 30 (LODR)-Change in Management
- Mr. Pradeep Mehta appointed Independent Director for 5 years from October 23, 2026, subject to shareholder approval.
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Announcement under Regulation 30 (LODR)-Change in Directorate
- Board appointed Mr. Pradeep Mehta as independent director for five years, subject to shareholder approval.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Nov 2025PPT
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Nov 2025PPT REC
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Aug 2025Transcript PPT
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Nov 2023PPT
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Nov 2022Transcript PPT
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Nov 2021Transcript PPT
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Oct 2021PPT
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Jul 2021Transcript PPT
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Oct 2020PPT
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Aug 2020Transcript PPT
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Dec 2019Transcript PPT
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Nov 2019PPT
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Sep 2019Transcript PPT
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Aug 2019PPT
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Aug 2019PPT
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Jun 2019Transcript PPT
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Feb 2019Transcript PPT
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Nov 2018Transcript PPT
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Jun 2018Transcript PPT
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Mar 2018Transcript PPT
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Nov 2017Transcript PPT
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Aug 2017Transcript PPT
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Aug 2017PPT
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May 2017PPT
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May 2017Transcript PPT
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Mar 2017Transcript PPT
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Feb 2017PPT
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Nov 2016Transcript
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Nov 2016Transcript PPT
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May 2016Transcript
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Feb 2016Transcript
Business Overview:[1]
a) ASL is a real estate player in affordable and mid-income housing segment in the MMR region
b) It has recently ventured into premium luxury real estate segment to develop Villa projects, a hotel and a sports gymkhana
c) Company has expertise in land acquisition & procurement, liaison, design & engineering, EPC and marketing & sales
d) Company enters into JD, JV, and DM arrangements in the mid-income segment to remain Asset-Light with ~19% of Ongoing development area on asset-light model